7 Failures of Fitness Centers

I’m sure you are wondering what an accounting firm knows about running a fitness center. In consulting with many small and emerging companies, we have found many common elements and the same challenges – keeping up with accounting and financial best practices.

We have worked with many types of businesses as auditors, consultants, in-house accountants, and as tax return preparers. We have set up accounting systems and consulted on marketing, tracking members and attracting new ones. And one of our staff members is an ACSM Certified Personal Trainers (CPT) who interned as a strength and conditioning coach at an Ivy League University.

So, we have compiled a list of the seven failures we see consistently in many of the small businesses we work with or have worked with over the years.